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BASF SE BASFY announced the launch of its natural-based innovation for personal care with three new products: Verdessence Maize, a natural styling polymer; Lamesoft OP Plus, a wax-based opacifier dispersion; and Dehyton PK45 GA/RA, a betaine derived from Rainforest Alliance Certified coconut oil.
These products have been made sustainable without compromising on performance. BASF will be showcasing its new innovation in the personal care segment as part of its Longevity Ecosystem at in-cosmetics Global in Amsterdam from April 8 to 10.
Verdessence Maize styling polymer, a plant-based styling ingredient, is fully made from renewable feedstocks. The product, which expands BASF’s high-performing biopolymers portfolio, has offered the same performance when compared to products with synthetic polymers. Lamesoft is a biodegradable opacifier dispersion that has high natural origin content and provides a creamy white and caring appearance to formulations. Lastly, Dehyton, a versatile betaine sourced from coconut oil and certified by Rainforest Alliance, can be readily used in shampoos and cleansers for excellent foaming properties.This increasing focus on biodegradable solutions for the personal care sector will help BASFY capture the conscious consumer market.
The stock has lost 18.4% over the past year compared with the 17.1% decline in the industry.
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BASFY’s Zacks Rank and Key Picks
BASFY currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Ingevity Corporation NGVT, Axalta Coating Systems AXTA and Carpenter Technology Corporation CRS. While NGVT and AXTA sport a Zacks Rank #1 (Strong Buy) each at present, CRS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ingevity’s current-year earnings is pegged at $4.45 per share. NGVT’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 202.9%.
The Zacks Consensus Estimate for Axalta’s current-year earnings is pegged at $2.51 per share. AXTA’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 16.28%.
The Zacks Consensus Estimate for Carpenter Technology’s current fiscal-year earnings is pegged at $6.95 per share. CRS’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 15.7%. Its shares have soared 113.3% in the past year.